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Apartment Leasing Agents – Career Advice & Job Description
Author: claudiaApartment leasing agents and apartment rental companies are part of the real estate business, but they deal with renting and managing apartments rather than sales. The work is not always as well paid as that of independent real estate agents, but as an employee in an apartment leasing agents' business, you will have more job security.
Marketing
Apartment leasing agents organize the advertising and marketing for real estate properties they manage. In addition, they show possible tenants around apartments and encourage them to lease the property at the price set by the real estate marketing company.
Credit checks
Apartment rental companies and apartment leasing agents are also expected to make a thorough background check on possible tenants. This should include a careful nationwide search to expose any criminal activities and a credit check to ensure they are solvent and able to meet the rent. All apartment leasing agents prepare the lease and oversee the signing process by the tenant and the landlord.
Managing
Apartment rental companies and leasing agents are also responsible for making regular inspections of each landlord's property. This is to ensure the tenants are taking care of the property and any contents included in the rent. If a tenant has caused any damage that needs repairing, then he or she must pay for the cost. However, the leasing agent also helps the tenant if any other maintenance or repairs become necessary. As the landlord's representatives, leasing agents process repair requests and arrange to have them done promptly. If a tenant breaks the terms of the lease in a way that causes damage to the apartment or nuisance to other tenants, it is the apartment rental companies' job to write to the tenant with an official warning. In addition, if a tenant defaults on the rent and builds up substantial arrears, the agent is expected to make every effort to oblige the tenant to pay their debt. In certain circumstances, leasing agents prepare the legal documents required to evict a bad tenant.
Personal requirements
Apartment leasing agents need a pleasant personality, as they are the public face of apartment rental companies. Being the buffer between tenants and landlords can sometimes be stressful and you will need excellent organizational skills to deal with the many different aspects of this work. The workload can be heavy and you will be expected to deal with any problems yourself and ensure everything goes smoothly. On the other hand, you will be dealing with different people every day and not just working in an office with the same people. A background in marketing for real estate and an understanding of real estate market analysis will make you attractive to potential employers. A university education is not essential, but a higher of level of education will make it easier for you to undertake the tasks required of apartment leasing agents. On a personal note, I spent several years working in an apartment leasing agent's office and found that the variety of the work and meeting new people made my job interesting and rewarding.
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About the AuthorApartment Jobs - Thousands of Families Shift Into Rental Housing Creating Job Opportunities
By David K Johnson
As everyone is fully aware, we are experiencing a very challenging economy. We've lost 7 million+ jobs since 2007 and that's expected to be revised adding another 1 million (+-) to the "loss column" in 2010. It's becoming more and more difficult to land a job, much less a career! U.S. Foreclosure rates have exceeded 250,000 for each of the last 10 months according to a report by Bloomberg on Feb. 12. (See linked report below)
The economy will get better but there are a lot of us taking whatever job we can to survive. The single family housing industry has been and continues to get crushed in many markets abroad. The banking industry is near annihilation and the auto industry has imploded. No career is completely safe. However, the good news is, there is at least one industry that is actually growing vibrantly thanks to the "housing bubble." The Apartment Rental Industry
the result of foreclosure and the credit crunch is shifting thousands upon thousands of families into rental housing.
While some Apartment Companies are downsizing to emulate the economic conditions many are actually thriving in this challenging economy. More good news is that a college degree is usually not required for employment for most positions, but the pay will generally be as high if not higher than most entry level degreed careers 1st year. Also, there are various positions available that would have crossover skills from many different careers.
The various positions include; apartment community managers, assistant managers, apartment leasing consultants, auditors, accountants, recruiters, assistants, property maintenance, housekeeping, etc. The position of "Apartment Leasing Consultant" is probably the most abundant and you will generally get a salary along with commissions for every apartment you lease.
Hardworking, honest go-getters can earn near $50K annually leasing apartments in vibrant markets!
Whether you are looking for a change of scenery or want to stay put, locations all over the U.S. offer careers waiting for talented hungry career oriented individuals. Of course there will most likely be more opportunities in the worst hit housing markets like areas of California including; San Francisco, & Sacramento, and in many parts of Florida including; Miami, Ft. Lauderdale, Daytona Beach. While these areas have historically had higher living costs, they are now very attractive for the vibrant person looking for a fun filled life of beaches & sunshine. Some other large cities hardest hit across America as well are, Cleveland, Reno, and Detroit.
There are a few Apartment rental locations that historically offer the lowest rents in the nation, and should definitely be considered in these low budget times as well. For a huge city, Houston Texas arguably has the lowest rents and overall costs of living in the nation compared to its peers. To state the obvious, the larger the cities will have more job opportunities in most cases.
It's also important to note that Houston Texas has no zoning ordinances meaning that builders can build apartments anywhere in the city and most anytime they want creating a thousands of rentals and apartment job opportunities. Last count there were well over 400,000 apartment units in the greater Houston area. Houston has revitalized its downtown area and now features a light rail system in the epicenter of thousands of employers near many Houston Apartment communities with an abundance of fine dining establishments and top rated night life.
Other large cities with ample job opportunity and lower rents that need consideration are Oklahoma City, Birmingham Alabama, Memphis Tennessee, Cincinnati Ohio, and San Antonio Texas.
Whether it's Houston, New York City, California, or Florida, apartment jobs are abundant during this economic downturn and the right companies can offer stable employment and high salaries for those who demonstrate the talents necessary to help the industry continue grow and prosper.
Link to Foreclosure Report ( http://www.bloomberg.com/apps/news?pid=20601110&sid=aG4wgV6SHqOI )
David Johnson is the owner of an apartment advertising website Houston Apartments since 1996. He also owned and operated a local apartment relocation company from 1994 to 2002. During the past 15 years he and his agents have served over 100,000 people searching for apartments in Houston. He authors several informational subjects associated with the apartment rental industry as a service to his customers and the public domain in general. The local website provides specific details on over 1200 Houston Apartments with photos, floor plans, rent specials and "real time" apartment availability.
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The Top 11 Responsibilities of a Property Management Company
By Elijah Korobkin
1) Financial and Accounting Reports: Owners want to see financial reports, which include the accounting and expenses for a specific time period. Typically, management companies issue financial reports and "owner draws" - the owners' profits - to their clients on a monthly basis. Throughout the month, various expenses may arise, such as a payment to a plumbing company who fixed a tenant's sink or for a painter who painted a vacant unit. Each expense should be clearly itemized for the property owner to see on a regular basis. It is the duty of the property management team to oversee and optimize their clients' financial productivity.
2) An integral component of a property management firm is to eliminate the burdens and complications that inevitably arise when owning an apartment building. Therefore, the property management team's mission is to act as a liaison between not only the owners and tenants, but also between neighboring tenants as well. For example, one tenant may inform the management of a neighbor, who throws loud parties at night, or causes various other nuisances to the apartment residents. It is the management team's responsibility to intervene and resolve matters as efficiently and effectively as possible. Generally, these issues can be solved through civil discussion, and compromise. However, if there is a tenant who refuses to cooperate, further measures must be taken.
3) Apartment Maintenance: Tenants call the management team to notify them of damages that have arisen, and any repairs that may be needed. Understandably, property owners may not want to answer calls from tenants who are requesting repairs, and that is why a competent property management team will have a staff which is accustomed to answering these calls on a regular basis. Nothing is built forever and things inevitably break; that's why the top tier property management companies have a professional, formidable and knowledgeable maintenance team.
4) Hire Vendors for Repairs: When looking for the right person to handle the maintenance job, managers must assess the specific needs and delegate work appropriately. Management companies must assess if the repair necessitates a handyman, a licensed contractor, a specialized electrician, an industrial plumber, or various other laborers to handle the specific issue. Vendors submit bids, or estimates of cost, to the management team, and the property management company uses their discretion and judgment to hire accordingly. It is important to hire reputable vendors, who have experience and references available for their work. Hiring an incompetent vendor will inevitably cause tremendous cost to the property owners. Therefore, it is important for the management team to assess multiple vendors and choose wisely, in order to minimize costs and simultaneously maintain an optimal standard of service.
5) Optimize Vacancies: When a tenant moves out of a unit, the owner wants a new tenant to move in as soon as possible. Therefore, immediately after the tenant moves out, the management team will make any and all repairs to the unit, as well as the surrounding and common areas of the building, in order to beautify and optimize the vacancy for the new tenants.
6) Marketing: In today's market, the most popular means of marketing and advertising apartments is generally online listings. Popular websites such as http://www.craigslist.com or http://www.postlets.com are used regularly, especially in large cities such as Los Angeles. There are still other modes of advertising, such as placing visually-gripping signs for people who are driving around, scouting the neighborhood for apartments.
7) Tenant Screening: Once the apartment is shown, people who are interested in renting the apartment fill out a form which allows the management team to understand and become knowledgeable of who the prospective tenant is. Factors which are examined in the tenant screening process include: The applicant's credit score, criminal background, income and employment history, and prior residences.
8) Negotiate and Sign Leases: Once there is an interested and qualified party who wants to move into the apartment, the management company provides a lease. A lease is a legally binding agreement between the property owner and tenant, which precisely details the agreement and expectations of both parties.
9) Periodic Inspections: It is imperative that your management company conducts regular property inspections. During a property inspection, a trained member of the management company goes to the property with a checklist, which includes various elements of the building that must be maintained. When repairs are necessary, the inspector makes sure to document all specifications, and ensures that a reputable vendor is contracted to make the improvements.
10) Post Notices: Notices are issued to inform tenants of important matters or urgencies. Sometimes, tenants need to be informed of an upcoming building inspection or a scheduled two hour "water shut-off" period. Depending on the region of the property, owners and managers must adhere to the various city, county, state, and federal laws and regulations. Failure to comply with legalities may cause further legal repercussions, which is why it is imperative to have a management company that is knowledgeable and familiar with real estate law.
11) 24 Hour Maintenance Phone Line: Because various issues may arise after normal business hours, it is important to have a member of the maintenance team responsible for the calls that come throughout the 24 hours of a day. A dedicated maintenance team will answer calls at three in the morning, and, in the event of an emergency, will go to the property make repairs.
Visit http://www.MCMProp.com for additional information regarding Los Angeles property management services.
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Take the Help of a Rental Agency to Find an Affordable Apartment
By Gracy Wood
Many people are relocating to Chicago due to new job opportunities, demand for higher studies and so on. So, the first thing which comes to mind while relocating to a new place is the accommodation. There are many options available for accommodation in Chicago. However, you must finalize your budget and specifications before you begin your search for a comfortable apartment in this new place.
As you are new to the location with no friends and relatives around, it is hardly anyone you can trust on. Therefore, you must get in touch with rental agencies located in the city as they will provide you the essential support and will safeguard you from fraudulent cases. They are experienced in providing affordable options to people with varying budget limitations. The prime benefit is that they already have a list of apartments available on rent for bachelors as well as family.
If you are in search of a reliable agency that can help you in getting a reasonable accommodation, you can search on the Internet to find out a specific provider that has a good reputation in the real estate market. Such agencies keep your documents safe and assist you in filling the lease documents that are mandatory to sign before shifting to the new accommodation.
So, if you are also among those who are new in Chicago and are looking for space to live in, rental apartment agencies is the best option you can opt for finding an affordable apartment for living.
To learn more, please visit apartments for rent in Chicago [http://www.renthererealty.com/] and get the details about apartment rental Chicago [http://www.renthererealty.com/Chicago-Apartment-Rentals].
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Houston TX Apartments You Can Rent Without a Job
By Jimmy Jamm
Houston, the 4th largest city in the United States, has numerous apartment homes for anyone wanting to lease. One question that many people ask, especially in this type of economy we're in, is how one can be approved for an apartment without necessarily showing proof of income. For many complexes in the sprawling city, having a job is a major prerequisite to being approved. Not only does one need to have solid employment, but one needs to be earning enough to afford the monthly rent. Those who are jobless are therefore at a major disadvantage when it comes to being approved. But is there a way to actually get approved in Houston even without a job?
A few places where you can rent without a job
- Westchase District
- The Heights
- Mission Bend
- Katy
- Alief
Navigating joblessness when applying
We have seen that in Houston, renting an apartment involves being able to prove both income and employment. Many apartments actually go to the pain of verifying and this is usually done by a simply phone call to an 800-number or asking for original paycheck stubs or tax returns. Unfortunately in this economy, there is a sizeable chunk of apartment applicants who are without gainful employment.
One of the best ways to get approved for an apartment if you are indeed jobless is to have a co-signer. This is someone in good standing in the community who can attest that they know you and are willing to vouch for your authenticity. Some apartments will approve on the strength of this alone but some will insist on additional information.
Another layer of qualifiers that you can possibly provide is a list of your assets. If you own any property that brings in income, for instance, a rental property, you can show this as proof of income. Some apartments will take this in addition to having a co-signer.
A last and final step you can take to get approved in Houston without a job is to offer to pay a deposit. In addition to a deposit, one can also offer to pay 3 months of rent in advance and also show that they are actively looking for a job. This gives the leasing management the impression that the tenant will find gainful employment soon.
Remember that even after providing all this information, it is still the apartment's discretion to rent to you or not. Some might also conduct credit checks and background checks to make a determination.
Houston second-chance apartments
Pick up your FREE list to apartments in Houston where you can be approved even with no job.
Recommended apartment list: Houston no-job apartments
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Search For Jobs in Phoenix AZ
By Andrew Slifka
Phoenix is often called the economic hub of Southwestern United States the capital of the state of Arizona, there was a time when the economy of the city was entirely dependent on agriculture. But today the farmlands that once produced tons of cotton have given way to thriving suburbs and profitable industrial areas. The economy now relies on feeds from diverse industries that support the large populace of the city. Till 2008, before the real estate market came crashing down and the construction industry tumbled in its wake the property market was booming in the city with the prices of real estate sky rocketing. Since the city is the state capital there are several government related jobs in Phoenix, AZ.
The city also houses several telecommunication and high tech service companies apart from these sectors, tourism related jobs in Phoenix, AZ are also a common place since the city benefits from the influx of seasonal tourists. Phoenix boasts of seven Fortune 100 companies that maintain their presence in the city. Notably among them are Avnet, Allied Waste, Apollo Group, PetSmart, CSK Auto and Pinnacle West. The throngs of employment opportunities make Phoenix an ideal place to set up a home. Here is a look at some of the best companies to work for in the city and the type of jobs available.
Some of the best companies to work for in Phoenix:
Apart from the companies that figure in the Fortune 1000 list other establishments that offer fantastic remuneration, a good and creative working environment and lots of scope for progress include:
* Mayo Clinic
* Banner Health
* St Joseph's Hospital and Medical Center
* John C Lincoln Health Network
* Westcor
* Southwest Human Development
* Westin Kierland Resort and Spa
* Chandler Regional Medical Center
* PDS Planned Development Services
* Gallagher and Kennedy PA
* McCarthy Building Cos. Inc
* Burch& Craccgiolo, P.A.
* Firesky Resort & Spa.
Current Jobs in Phoenix, AZ
Health care: Patient Technician:
The educational qualification needed for this job is a high school degree or GED. People interested in the position will also need to have some type of education in physical science and laboratory techniques. Apart from this, the candidate will also be expected to complete a certification in CPR and a training course on hemodialysis. He/she will also be responsible for lifting equipment and patients.
Sales: Associate Manager:
People interested in the position of an associate manager (Sales) will need to posses an Associate's degree along with 2 to 5 years of relevant experience. An associate manager is responsible for identifying and implementing strategies that will improve profitability and monitor sales and the sales team while maintaining a customer centric attitude. He/she will also be responsible for the training and development of employees and the execution of the company's initiatives at the store level.
Technology:
Systems Administrator: For the job of a systems administrator a candidate needs to possess a Bachelor of Science degree with information technology or computer science as his/her major. The position requires one to two years of relevant experience and proficiency in development and system management tools such as Server 2003, AD, Microsoft products etc.
For more information on Jobs in Phoenix AZ
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Tips to Find a Reliable Property Management Company
By Jessica Peloski
It is challenging enough to purchase an investment property these days with the lending and buying restrictions, but the next challenge most people face is to locate a good San Diego property management company to manage the property you have recently acquired. It is critical when looking for a competent business to manage your property that corners are not cut, and its not a good idea to go the cheapest route either. This expense of a management company is just a cost of doing business and you will want to make sure you take every precaution to find the right company that will actually save you money in the long run.
When acquiring a new residential or commercial property, or if you are considering to rent your home in San Diego County, look for competent and professional management companies to help you experience less financial issues that can take your money and time.
When you move from one management company to another, this is the period that many tenants try to take advantage of the situation by not paying rent or attempting to change the terms of the lease, so it is generally not recommended changing San Diego property management companies once you are able to secure a good one.
Look out for a management company that is not scared to do their job and following through the eviction process. When you are looking at various companies and seeing their eviction rates, don't be afraid if you see a rate of between one and three percent per month since it actually shows you that the company knows how to take care of such delicate situations and they don't over qualify the prospective tenants. There are other San Diego property management companies that raise the standards of application so high that they would be able to qualify for a home at the same rate of qualification.
When reviewing companies and doing your due diligence, it is critical to ask open and straightforward questions, almost interviewing the people who will be caring for this substantial investment of yours. You'll want to have a solid relationship with them. You can even have a friend try to submit an application for another current property in the San Diego area to witness the customer service of the potential company and that they meet the standards and professionalism you are looking for. You will want to also contact a few people currently renting with the management companies you are looking for to get a more accurate picture of the company you may be doing business with.
Jessica Peloski is passionate about and writes articles on real estate and property management in San Diego. For more information on San Diego property management [http://www.sandiego-property-management.com], be sure to visit [http://www.sandiego-property-management.com]
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Property Management Training, Real Estate Investing, Economic Drivers and Las Vegas
By Jeffrey A Roark
So to switch things up a little, in this property management training story I wanted to step back and take a look at some of the factors that can affect the cash flow and the possible appreciation, or heaven forbid deprecation, of your real estate investment.
Before I talk about that, though, let me share a story about one of my favorite questionable rental housing markets.
Las Vegas, Nevada.
Property Management Training In Vegas
I'm picking on Vegas because lately I've been hearing a lot of otherwise intelligent people suggest that now is a good time to invest there. Maybe yes, maybe no.
Here's my story.
Years ago, before the house rental market really took off I had the opportunity to travel to Las Vegas once every month or so, for the better part of a year.
What eventually struck be about the place was how absolutely artificial it was, and what a huge - and I mean huge - impact the casino industry had on the city.
Bigger Than Some Small Towns
Most if the casinos have infrastructures larger than some small towns. And the number of people they employ is huge.
There are schools devoted strictly on training people how to work in various jobs in the casinos.
And I don't mean casino or hospitality management. I mean blackjack dealers, waiters, car hops, jobs of that nature.
There are actually schools devoted strictly to this. One morning on the way to an appointment I drove by one, and the parking lot was jam packed.
Now you may be reading this and thinking to yourself, "No kidding Jeffrey, Vegas is all about gambling."
And you would be right. Except I would say, it's ALL about gambling.
How Economic Drivers Influence Real Estate Investing and Property Management
Which means if you're investing in a rental property in Las Vegas you're really investing in the casino industry, and how well the casino industry is doing will have a 100% impact on the success of your investment and property management efforts.
The casino industry in Vegas is what we'd call the economic driver.
If they're driving the economy forward, if they're employing people, paying a decent wage, and managing to keep them happy, your how to rent my house efforts will be positively impacted because there will be plenty of people who can afford to rent your house.
On the other hand, if the casino isn't doing well, then you'd better make sure you're applying all of the methods from the property management training you've received if you want your rental property to be a success.
For sure Vegas is an extreme example, but it illustrates my point well.
I'm always surprised that 9 out of 10 of the real estate investors I see focus only on price and spend little if no time thinking about the economic drivers for the area they're investing in.
It's Not All About Price
Naturally, if you've invested in some basic property management training you're in the top 10% and understand economic drivers and the big picture.
Here are some of the top items I consider when thinking about economic drivers, real estate investments, and managing real estate:
Is the market ever going to come back?
This is true of certain neighborhoods within a city as well as certain cities or even parts of the country. If your market is dependent on politics, its probably already booming. On the other hand, if you're hoping that the auto industry in Detroit will come back, that I'm not so sure about.
How stable are the rents?
Consider whether more rental homes will come onto the market at prices lower than what you paid. If so, your competition will have more flexibility in adjusting rental rates that you will.
Will the demand for your rental property soften?
Right now there's a lot of activity in the apartment and multi-family market.
Common sense property management training should cover the pros and cons of different property types.
If you're investing in multi-family property, spend some time thinking about how your rents and tenant quality might be affected if more and more single family homes come on the market at rents close to what your apartment rents are.
Will the tenants in your investment real estate property [http://www.basicpropertymanagementblog.com/2011/11/14/investment-property-management-leasing-tips/] end up making the switch from apartment living back to renting their own home?
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